4th Quarter 2019 – Single Family Home Sales

swilliams Education , Real Estate

SINGLE FAMILY HOME SALES:

October to December 2019

The 70 homes sold in the fourth quarter of 2019 represent an increase of 28 or 66.7% over the 42 single family (SF) homes sold in the same quarter of 2018. This is also an increase from the 48 SF homes sold in the third quarter of 2019.  Average Days on Market (DOM) varied widely within the price categories due to 1 home in the lowest price range and 1 home in the highest price range each listed on the market for over a year before selling.  Generally, homes took as long or longer to sell than the same quarter a year ago.

Sale prices were below list price in every price category, with an average discount of 2.2%, a steeper decline when contrasted with the 1.5% discount for the same period in the prior year.  The largest sales price decrease was in the highest price range with a discount of 10.6% over asking price – due to a home with an asking price of greater than $1 million which also took 440 days to sell.

As of December 31, 2019 there are 39 single family homes for sale.

 

                  SALES DATA: October to December 2019

Number of Sales

Days on Market

Price Range

2018

2019

2018

2019

$200,000 – 349,999

16

 19

112

391

$350,000 – 449,999

 17

 30

 52

 79

$450,000 – 649,999

  7

 19

87

 72

$650,000 +

   2

   2

 16

440

Total Sales / Average DOM

 42

70

79

172

 

Average Sales Price

Average List Price

Sold vs List %

Price Range

2018

2019

2018

2019

2018

2019

$250,000-349,999  297,775  318,089  303,443    322,915

-1.9%

-1.5%

$350,000-449,999  399,252  398,424  402,700    406,727

-0.9%

-2.1%

$450,000-649,999  536,539  523,873  549,496    526,857

-2.4%

-0.6%

$650,000 +  799,950 1,227,500  807,450  1,357,500

 -0.9%

-10.6%

Average $402,556 $434,357 $408,627 $ 443,750

-1.5%

-2.2%

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